March 01, 2023 17:03 GMT
Atlanta Fed GDPNow Estimate Recedes
Atlanta Fed's latest GDPNow model estimate for real GDP growth in the first quarter of 2023 falls to 2.3 from 2.8 prior. Following latest data, "nowcasts of first-quarter real gross private domestic investment growth and first-quarter real government spending growth decreased from -5.1 percent to 2.0 percent, respectively, to -6.1 percent and 1.5 percent, respectively, while the nowcast of the contribution of the change in real net exports to first-quarter real GDP growth decreased from 0.82 percentage points to 0.60 percentage points."
Atlanta Federal Reserve